Article source: Deep Tide TechFlow
Author: Sonic
Compiled by: Deep Tide TechFlow
Sonic Labs officially launches the Sonic mainnet, a first-layer blockchain platform compatible with EVM, designed to provide developers with powerful infrastructure and attractive incentive mechanisms.
Sonic Mainnet supports 10,000 transactions per second (TPS) and achieves sub-second transaction confirmations, while also providing decentralized gateway functionality that seamlessly connects with Ethereum. Through these technical features, Sonic offers developers unprecedented infrastructure support and liquidity, helping them build the next generation of decentralized applications (DApps).
Sonic is built by the development team behind Fantom and has achieved significant upgrades to Fantom and FTM through its native token S. Existing FTM holders can easily transition to the Sonic platform and start using its features through a one-to-one token upgrade mechanism.
Sonic leverages its mature technical capabilities to establish its core position in the decentralized finance (DeFi) space by innovating developer incentive mechanisms while providing users with a smooth experience and rich liquidity resources.
Revenue sharing mechanism: Developer-first
The fee sharing mechanism (Fee Monetization, FeeM) introduced by Sonic provides developers with up to 90% of network fee sharing, a model inspired by advertising revenue strategies used by Web2 platforms like YouTube. Unlike many blockchains that only offer limited developer incentives and primarily focus on value extraction, Sonic's FeeM model fundamentally addresses this issue.
"In recent years, we have seen many new chains launched, especially some centralized Layer 2 solutions, whose founding teams monopolize all network fee revenues. This model excludes developers, forcing them to generate revenue by charging users extra fees. The FeeM model ensures developer participation from the outset by directly writing developer reward mechanisms on-chain, allowing developers to share network fees." — Sam Harcourt, Head of Business Development at Sonic Labs
On the Sonic platform, developers can earn a share of network fees based on the user traffic and engagement attracted by their applications. This mechanism provides developers with a built-in, sustainable source of income while significantly reducing user costs.
From Fantom to Sonic: The new phase of FTM upgrading to S
Fantom and its token FTM officially enter the upgrade phase, transitioning to the new Sonic platform and its native token S. Sonic Labs has specially launched an upgrade portal, MySonic, where FTM holders can easily upgrade FTM to S on a one-to-one basis.
"We are excited to launch the new Sonic chain as the next significant upgrade for Fantom. This platform is built on nearly 100% operational uptime since 2019 for Fantom, and it is a revolutionary platform centered around developers. Sonic not only helps developers build smooth user experiences but also allows them to share network fees." — Michael Kong, CEO of Sonic Labs
Within the first 90 days after the launch of the Sonic mainnet, FTM holders can freely exchange FTM and S through the upgrade portal. After 90 days, users will only be able to upgrade from FTM to S.
Sonic Gateway: A secure and decentralized cross-chain interoperability solution
With the rapid growth of cross-chain activities, secure and trustless bridging solutions have become crucial. However, traditional first-layer and second-layer bridging methods often rely on centralized systems, which could lead to massive asset loss risks.
Sonic Gateway addresses this issue through decentralized design, serving as a bridge between Ethereum and Sonic, providing the following core functions:
Security: If the gateway fails to operate within 14 days, users can retrieve their funds on Ethereum, ensuring asset safety.
Efficient transmission: Asset transfers are processed in batches, occurring every 10 minutes from Ethereum to Sonic and hourly in the reverse direction. Additionally, the 'Fast Lane' feature allows users to pay a small fee for instant bridging.
Decentralized operation: The gateway is operated by validators on both chains by Sonic, maintaining decentralization and eliminating the risk of centralized control.
"To allow users to securely and trustlessly control their assets, we developed Sonic Gateway. This tool not only provides liquidity from other platforms, but also ensures security through validators and fault protection mechanisms, allowing users and applications to fully enjoy the benefits of cross-chain liquidity." — Bernhard Scholz, Chief Research Officer of Sonic Labs
In the future, Sonic Labs plans to extend the gateway to other blockchains beyond Ethereum, providing users with direct, decentralized access to more blockchain-native assets.
Sonic Airdrop: S token incentive program
To accelerate the rapid development of the network, Sonic Labs will distribute 190.5 million S tokens through an airdrop program. This program is aimed at users and developers and includes the following two incentive methods:
Sonic Points: Rewards for early adopters, asset holders, and active users.
Sonic Gems: Rewards developers for creating applications that attract users and drive innovation. Developers can convert Gems to S and distribute a portion of the tokens to users to incentivize continued use.
